NIC Bank's Community Services
As a responsible corporate citizen of the country, NIC Bank has been involved in contributing to the society in various ways as a part of its Corporate Social Responsibility (CSR). NIC Bank has promoted an independent and autonomous organization namely NIC Foundation having objectives of bringing about positive changes in the society through charitable works by helping marginalized and underprivileged communities through areas of health and education and has been providing support for scholarships to disabled, orphans & girl children, free health checkups, blood donation programs, rural roads, old age homes, orphanages and emergency medical situations for the needy in various parts of the country. To sustain the works of NIC Foundation the Bank contributes a fixed percentage of its annual profit for the cause. NIC Bank is the only Bank in the Banking Industry to set aside a fixed proportion of profit for such cause.
In this regard, NIC Foundation has taken up a project of providing Scholarships to 10 underprivileged but meritorious girl children of a community run school in Kathmandu for last two years, which is renewed annually. Similarly, three blind students who arrived in Kathmandu from far west Jumla to pursue their higher education are also benefited by two years scholarship program at Sanothimi Campus. It has also donated for flood victims in Nepalgunj and through Nepal Banker's Association and Prime Minister's Relief Fund. It has donated computers to a school of remote area and provided financial assistance to an orphanage at Birgunj. It has donated two ambulances in Mid-Western Regional Hospital in Surkhet. It has also helped in construction of Mata Tripurasundari Temple situated in Dhobighat, Lalitpur & has supported to construct a trail from Kusma to Modi Beni in Parbat District.
The Bank has also set an example by organizing a Blood Donation campaign every year in order to reduce shortage of blood at the different blood banks of the Kathmandu valley. The program was to help ease the acute shortage of blood in Bhaktapur and Kathmandu for medical emergencies. There were 55 and 228 donors respectively including general public, staffs, directors, customers and their family members who donated blood on the occasion. The program was successful in attracting a significant number of first time donors. They expressed their happiness to be able to contribute for such a noble cause.
The bank, through NIC Foundation has recently initiated for the development of the sports and sponsored in National Open Gymnastics Championship It is continuously sponsoring various social activities in various part of the country.
Banking on Youth
NIC Bank has been in the forefront in offering innovative banking products. After the successful launching of various deposits and loan products, it has now come up with another unique program "Banking on Youth" to disseminate basic knowledge of banking and money management amongst children.
“Banking on Youth" is a program to teach basic knowledge of banking and cultivate savings habit on children. Not only children but also a very large chunk of population are out of reach from banking services in Nepal despite opening of a number of Banks and its numerous branches. If children get basic knowledge relating to Banking, it is expected to cultivate savings habit on them, which ultimately is further expected to help them in managing fund and learn banking. This program, therefore, aims to teach children of various schools the basics of banking and money management in its simplest form.
- Presentations to the children at school covering banking, money management, savings and its importance.
- Invite students to various branches of the Bank for providing practical knowledge.
- Organize functions like quiz contests/oratory programs, covering topics relating to banking, savings, money management etc, among schools.